Plan Snapshot
- Plan Sponsor: Cumming Chevrolet
- Sponsor EIN: 330032981
- Sponsor Address: 2301 NATIONAL CITY BLVD, NATIONAL CITY, CA, 919506507
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 86 | $4.8M | $36,406 | $364,048 |
| 2023 | 84 | $4.4M | $32,114 | $321,316 |
| 2022 | 83 | $3.7M | $29,140 | $311,391 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $36,111 | — | $36,111 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $13,747 | — | $13,747 |
| HNK, CPAS, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,858
- Estimated Expense Ratio: 1.029% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $50,902 | $14,791 | — | — | — |
| 2023 | $42,838 | $11,948 | — | — | — |
| 2022 | $30,637 | — | $30,637 | — | — |